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Search Results 0 to 19 of about 20 (some duplicates have been removed)
and afghanistan, which republicans are likely to argue are not true cuts, so whose plan will prevail? in a conference call sunday boehner told his fellow house republicans i think we can win this for the american people, but then it's going to require some of you to make some sacrifices. if we stand together as a team, our leverage is maximized. they have to deal with us. >> that last comment was probably directed at the republican members who have said that they will not vote to raise the debt ceiling under any circumstances. speaker boehner will need their votes if he wants his legislation to win out in what is shaping up to be a partisan showdown. rebecca. >> cbs's nancy cordes on capitol hill. thanks, nancy. >>> if a deal does or does not happen, how does that affect most americans? joining us with answers is robin farzad, and already you are seeing the ripple effect of the uncertainty on the markets, but what's the ripple effect on average americans if this thing doesn't happen? >> it's mostly going to be psychological throughout the week. people perceive -- suddenly start perce
of hamid karzai's half brother in afghanistan, murdered by somebody who was apparently a close confidant. we are talking about the impact that may have on the u.s. operations in afghanistan. obviously you can check out fox news.com live on any mobile device. download the fox news app for your ipad, for the iphone as well. you can watch us anywhere, any time, it's a great show, we are here every day. so, we'll take a quick break now on the fox news channel. i suggest you all download that app and come over and talk to me, here is a quick break on the fox news channel, we'll continue here at fox news.com live. [ barks ] ♪ [ cat meows ] ♪ [ whistles ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care abt and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. patti ann: a dramatic new trial unfolding right now in florida. the jury has just been picked for this couple. they were arrested after a pet python killed
, that's clear, isn't it? so there he was, he was making his 15th trip to afghanistan and it was while he was over at camp leatherneck that the marines asked him, okay, if there are a bunch of pentagon cuts, how is that going to affect our equipment and stuff like that. and wherever he has gone so far during this particular swing through the country of afghanistan, the troops are saying are we going to get paid? and he's saying, i don't know. just know this whatever you are owed you'll get paid eventually. you know, and this is how this works down. if we do, talking about if we go into a debt ceiling where we can't pay our bills technically which i don't agree with anyway, let's say, the president has the tablt to decide who gets paid when. clearly the debt is going to get paid first. china and saudi arabia are paid before our military, as bad as that sounds, that has to happen, so our borrowing costs don't go through the roof and then pay the military and social security, and if you dodonn tt order, give the department of education money first, it's the president's fault. it's not congre
. caller: donald trump wants to set went to iraq and afghanistan because they were oil-rich nations. we won the war. i don't think and buying debt these days. host: about what the question that those did contribute to the problems we are having right now. guest: everything did continue. the question is what percentage. i would disagree saying the president has tremendous leverage. he has no leverage. the democrats and the republicans and congress are going to make this deal. one or both of them are going to leave town and dump it on his lap. the poling is really unhelpful, often ends in these things. on one hand they want cuts and spending. they an over 60% want the capital plan. the president is appearing more favorable than congress. the president always does. the president's rating have been going down dramatically. because of that. because the president doesn't feel comfortable, they don't want this issue to come up again until 2012. they don't want to have this again until 2012. they want to talk about other things. we have this situation now where this debate has paralyzed the country
, there's a pattern in that we have reached a tipping point. we saw it with afghanistan. and iraq in terms of the timetable. when are we getting out. we saw it in the compromises on the bush tax cuts. we have seen this pattern in which democrats are put in the position to having to be the adults in the conversation, and trying to hold things together, and now we are back at that point. if you look at that pattern of concession and then compromise to the middle, and the democrats having to bear the burden politically for those decisions, it might be a trial balloon, but there is a pattern that indicates that social security and medicare are on the table. and that is why we reacted the way we did. this shouldn't be on the table. we have reached a no mass point here. that democrats should never support this. we have to be solid and independent, regardless of what those negotiations with the administration produce. >> in terms of what you described there as bearing the political burden here, that is one of the strategic questions that i have. and this may be clearer to you from washington than
afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right there. here is something that speaker boehner said why he cannot support the democrats' plan. he said the administration says they need all of the increase up front so he doesn't have to deal with this until after the ele
of that is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save a trillion dollars. now republicans have called that a gimmick, a savings from wars that are winding down, even though, by the way, the same savings were counted in some republican budgets. reid's plan would not reform or cut medicare, medicaid, social security. also no changes to taxes. it would raise the debt ceiling by 2.4 trillion dollars. that would be enough to fund the government through next year's election. the boehner plan is considered more short term. it would raise the debt ceiling in two different steps. the first step would happen immediately raising the ceiling by a trillion dollars and spending cuts of 1.2 trillion over ten years. and get us to next year, right some we need a second vote to raise the debt ceiling again by another $1.6 trillion. that second increase would be contingent on more cuts. another $1.8 trillion in spending cuts and have to be agreed to by a bipartisan committee. >> so far, the debt stalemate has been a drag on the stock markets but not as bad as some of
and afghanistan. republicans say the markets might not buy that but the same accounting tool was used in the republican budget that passed the house. jon: interesting to that the secretary of state commenting on tkphes particular spending matter. thank you. jenna: the lack of debt deal seems to be one of the factors in the stock market as wendell was talking about. the dow trading down by 60 points . it was down by over a hundred earlier. simon constable is a columnist for the "wall street journal." what is your take? we talk about the reassurance for the market? what about the reassurance for the average investor. >> most of the markets are saying whatever. but the gold market isn't. we've seen gold come up from 1500 a month ago to over 1600 now. jenna: what does that tell you. >> people don't buy golds as a good investment. you have to pay money to have it stored, buy insurance, put it in a bank, with armed guards and people are basically big thumb's down to the u.s. government when they buy gold. you shouldn't be totally reassured. that is quite a move in that sort of short period
in discretionary spending. also a lot of money from war money. he's saying as afghanistan and iraq wrap up, there's about a trillion dollars in savings. that's kind of controversial, brooke, because republicans don't count that money. but bottom line, $2.7 trillion all in savings cuts. you might like all them. that's what he's saying. he has a longer term committee in here but it would just make recommendations for long-term reform, really would have a vote on that but wouldn't force those reforms to happen. >> so i want to look at this plan here that you now have. i want to look at what supporters would say and also opponents. from everything i've been reading trying to keep up with all of this, the big difference here from the democrats' side there's no mention of revenue increases, correct? >> huge concession from democrats. the whole time democrats say there must be revenue on the table, republicans say they can't be. now democrats are dropping that huge demand. here is what supporters would say. this plan gets it done. they would say we're out of time. we're in the going to push for all of o
eliminating money with the wars in be afghanistan and iraq. that's also future looking. so i'm asking you today in terms of changes to the tax code for corporations because we know there's plenty of corporations that last year ended up paying relatively little or no taxes at all. are you putting forward anything in terms of corporate tax reform that you would be willing to undo in loop loopholes today? is. >> i think we all agree tax loopholes are something we can do about, that's definitely an area we compromise on without any difficulty whatsoever. but the point is putting in a system of tax reform that is simpler, flatter, less cumbersome especially for our business owners in the cost of doing business. so this is what we're looking at. but we are definitely against any tax increases, any tax increases alone. martha: all right, so goldman sachs if they don't get $4 trillion, what happens is a plan that's short of $4 trillion in real spending cuts, they're likely to downgrade their rating on u.s. debt. what do you think about that? >> well, you know, that's unfortunately what we're face
Search Results 0 to 19 of about 20 (some duplicates have been removed)

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